Windjammer

Thanks MarkCFAIL,
As I consider, both are incorrect since:
1). That higher income tax expense compared with taxes payable just can prove the company use accelerated depreciation method, LIFO method,…for tax calculating report.
–Can not conclude it use aggressive accounting or low quality earning.
2).Effective tax rate=income tax expense OR tax payable OR tax paid / Pretax income.
However, the restructuring charge just create the deferred tax assets (as it is not included in tax calculating until it paid). And the differences in DTA just lead the deferred tax expenses–>Just increase tax payable compared with income tax expense, but not both.
–Effective tax rate is not affected by restructuring charges.
Taking out from textbook, the effective rate is affected by:
+ Diffident statutory tax rate
+ Permanent differences bwn financial and taxable income: tax exempt income, tax credit, nondeductible expenses.
+ Effect of tax rate and other tax law changes
+ Deferred taxes provided on the reinvested earnings of foreign affiliates and unconsolidated domestic affiliates. (Actually I am not clear with this point).
Thanks.